A Reuters foreign exchange poll reveals steady short positions on the Indonesian rupiah, Indian rupee, and Philippine peso, while long bets remain firm on the Singapore dollar, Malaysian ringgit, and Thai baht. Notably, bullish bets on the Chinese yuan are at their highest since February 2011, reflecting strong investor confidence.
Shifts in Asian Currency Sentiment
According to the latest Reuters FX poll, investor positioning across Asian currencies shows a clear divergence. Traders continue to hold short bets on the rupiah, rupee, and peso, citing concerns over external balances and global risk sentiment.
Conversely, long positions on the Singapore dollar, Malaysian ringgit, and Thai baht remain firm, supported by resilient domestic fundamentals and regional trade flows. The standout development is the Chinese yuan, where bullish bets have surged to their highest level in nearly 15 years, underscoring optimism about China’s economic stabilization and capital inflows.
Analysts note that these positions reflect broader expectations of U.S. Federal Reserve policy easing, regional growth prospects, and commodity price dynamics.
Major Takeaways
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Short Bets: Steady on Indonesian rupiah, Indian rupee, and Philippine peso.
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Long Bets: Firm on Singapore dollar, Malaysian ringgit, and Thai baht.
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Chinese Yuan: Bullish bets at highest since Feb 2011.
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Drivers: Fed policy outlook, regional trade resilience, and China’s recovery signals.
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Market Context: Reflects investor hedging strategies amid global uncertainty.
Sources: Reuters FX Poll; Reuters Market Desk; Economic Times Global Markets Coverage